Many employers benefit by adding employee-paid benefits to the mix of what the employer can afford to pay for. For example, the employer might sponsor and pay a portion of the medical and dental plans, but leave employees to enroll in their own chosen coverage for life insurance, disability coverage, and vision plans. Fall River helps our employers decide how these voluntary plans best fit into their strategies.
A new survey has revealed that employers seem to be less focused on these plans, perhaps because the Affordable Care Act is demanding all the attention these days. Between the ACA, and the hundreds of new ERISA auditors on the street compliments of the Department of Labor, compliance issues have dominated benefits conversations lately. Yet, the study shows that employees want more choice in benefits and are willing to spend their own money to get what they want.
Check out this article summarizing MetLife’s recent survey, and let us know what you think!